Activest Wealth Management Raises Holdings in U.S. Bancorp $USB

Activest Wealth Management lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 846.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 814 shares of the financial services provider’s stock after acquiring an additional 728 shares during the period. Activest Wealth Management’s holdings in U.S. Bancorp were worth $37,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in U.S. Bancorp in the first quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new stake in U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership boosted its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp in the first quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. boosted its position in U.S. Bancorp by 1,212.1% in the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 1.8%

Shares of USB stock opened at $45.62 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.36 and a beta of 1.06. The stock has a 50 day simple moving average of $47.91 and a 200-day simple moving average of $44.78. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. The business had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup upped their target price on U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Evercore ISI upped their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Oppenheimer lowered their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, UBS Group upped their price objective on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.13.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.